Posted on 2007

Speech for the Board of Accountancy (BOA) & The Philippine Institute of Certified Public Accountants May 2007 CPA Licensure Exams Oath-taking of Passers

(Salutations to BOA, PICPA, Special Guests, Exam Passers, Family, & Friends, ETC.).

I am very happy to be here with you today. Being here and sharing this special day with you, I must say, is an inspiring experience for me. It is for this reason that I am always glad to be invited in graduations and oath-taking ceremonies such as this.
Someone once asked me. What is an accountant? Someone who solves a problem you did not know you had in a way you don't understand.

The mere description of accounting, which is the is the measurement, disclosure or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies, explains why accountants are mistakenly deemed to live dull lives. This is probably based on the conception that number crunching is boring for most people. For us accountants, we live and breathe numbers and for this we certainly play a big role in this world.

Accounting is widely referred to as the "language of business". As a matter of fact, accountancy dates back to the earliest days of human agriculture and civilization when the need to maintain accurate records of the quantities and relative values of agricultural products first arose. Simple accounting is even mentioned in the Bible in the Book of Matthew, in the Parable of the Talents. The Koran also mentions simple accounting. If you really look at it, our profession is one of the oldest and most important of all. We are in charge of records keeping, increased efficiency in business and trade, and most importantly in handling money. For this reason, it makes our profession unique in that this situates us in a position of trust. Being trustworthy or having the trust and confidence of people is worth more than the money in this world. I liken this to the new mandate given me by the Filipino public last May 14. I am happy that they trust me enough that they have given me another six years to represent them in the august halls of the Senate.

To continue, now that you are truly authentic Certified Public Accountants, it is time for you to move on to the next level and test the acquired skills you have obtained while you were still in school. Now it is your time to shine. Do what you are trained to do in the best way that you can.

Your oath-taking ceremony brings back memories of my own when I was your age. I hope you do not mind if I look back and tell you my own experience. I guess most of you do not know that I was a working student when I was still struggling to attain my bachelor’s degree. My parents were market vendors and it was already hard for them to keep our family afloat in those financially trying times.

My parents never told me to stop studying because they know that a decent education will help me become successful. Sabi po nila: “Manny ang edukasyon mo ang puhunan mo sa mas magandang kinabukasan.” And you know what? They were right. I will not be here in front of you if not for my education.

I know your parents told you the same thing. Otherwise you will not be present here today. Your parents went through heaven and hell to be able to afford you a quality education in this great school. With that, let’s give the parents a big round of applause.

Today you have made your parents proud and I know you have made your professors proud as well. They have dedicated there lives to prepare you for the long journey you will all have to take which is called life. Let us give your professors a big round of applause. By the way, I hope you will not hold any grudges against your teachers. I know they can really be strict like your parents. They just want to bring out the best in you.

Colleagues, this is the start of a new chapter in your lives. I want to take this chance to challenge you. You are part of a whole new generation and you give new hope for our country.

You have a fresh opportunity to contribute to our nation’s development. You are young and idealistic and I wish you will not lose it. Yes, like everyone else, you will have to face some tough obstacles but do not give up. Just work hard and do not lose hope, do not stop dreaming.

Always remember that if do not have any dreams and aspirations you will not get anywhere in life. Dream and take action. Dream and do something about it. And while you are doing so, always keep in mind that you have a commitment to become the best citizen that you can be. And that you have the moral obligation to work hard not only for yourself but for the greater good of our country.

Do not forget the Filipino maxim that goes: kung gusto may paraan, kung ayaw may dahilan! Please, give yourselves a warm round of applause also for keeping the tradition of hard work. “Hope never dies, and the dream lives on.” Keep up the good job!

Mabuhay Kayong Lahat!

Maraming salamat at magandang hapon pong muli!

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